HXG might want to do some market research. Green Hydrogen is cost effective and has Major Project Status and Osaka Gas backing
Desert Bloom Hydrogen is a world-first, commercial-scale project that will produce truly renewable hydrogen for domestic and export markets. The US $10.75 billion green hydrogen project, which will produce hydrogen at less than US $2/kg by 2027 and export ~410,000 metric tonnes of hydrogen when at full operation, has been awarded Major Project Status by the NT Government and has an agreement with one of Japan's largest gas buyers and distributors for future investment.
The Desert Bloom hydrogen project, backed by Aqua Aerem and Sanguine Impact Investment, was handed major project status by the NT government in December following an off grid hydrogen project trial at Tennant Creek earlier in 2021.It’s now signed up Osaka Gas as a co-developer of the Tennant Creek project which will produce 410,000 tonnes of green hydrogen annually with the potential to double capacity to 20 gigawatts to meet demand from the energy, chemical, mining, transport, and aviation industries.
HXG Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held
